Shell expects lower earnings from natural gas trading

The energy giant anticipates a significant decrease in earnings in the second quarter, attributed to seasonal changes in the market

Shell petrol station

Shell has announced that its earnings from natural gas trading in the second quarter will be significantly lower compared to the previous quarter.

The decline is attributed to seasonal shifts in the market, according to an update provided by Shell ahead of its full results release later this month.

In addition to the impact on natural gas trading, Shell also expects a decrease in oil and gas production during the second quarter.

This decline is primarily due to necessary field maintenance activities, which temporarily affect output levels.

Furthermore, Shell indicated that its chemicals business is anticipated to report a loss in the second quarter.

Shell’s full results, including detailed financial figures and further insights, are expected to be released later this month.

Make sure you check out the latest Net Hero Podcast episode:

Latest Podcast